Caterpillar Inc. agreed to buy a U.S. maker of railroad locomotives on Tuesday for $820 million in cash, expanding its rail business from service into new engine manufacturing. The world’s largest ... Read More
Magna International Inc., Canada’s biggest auto-parts maker, plans to invest as much as $600 million (U.S.) on new plants for making lithium-ion batteries for electric vehicles. “We currently are scouting out ... Read More
Boeing Co. won a long-sought decision by the Navy to keep buying its F/A-18 Super Hornet for several years after the company knocked 10% off the fighter jet’s price, saving the ... Read More
Samsung said on May 11 that it plans to invest $20 billion in healthcare and green energy until 2020 in a move it says could provide thousands of new jobs. Among ... Read More
Alliant Tech Systems announced Monday that it received $372 million in orders from the U.S. Army Contracting Command in Rock Island, Ill., to be produced at the Lake City Army Ammunition ... Read More
Sales of vehicles produced at Ford Motor Co.’s Kansas City Assembly Plant in Claycomo were a key reason Ford’s sales increased by more than 20 percent for the fifth straight month. ... Read More
Dow component and economic bellwether 3M Co. said Tuesday its first-quarter profit rose 80% on surging demand for electronics for autos and health-care products, boosting its full-year outlook. Results of the ... Read More
Fori Automation Inc. could see revenue hit the $100 million mark this year as efforts to diversify into the aerospace and defense industries continue to gain traction. The Shelby Township-based designer ... Read More
Alpla Inc., a privately held $3 billion manufacturer of plastic packaging solutions, has purchased an 83,485 square-foot industrial property at 9 Cermak Blvd. in St. Peters, Mo. Austrian-based Alpla is a ... Read More
Manufacturing conglomerate 3M Co. said Monday it has agreed to acquire MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes. MTI said the acquisition price is ... Read More